Australia’s central bank is in a period where it needs to be “a little bit careful” in balancing efforts to bring down consumer prices without driving the jobless rate up too high, Governor Michele Bullock said. “We want to ensure we keep inflation under control and we bring it back down to our band,” the Reserve Bank chief said in a panel discussion on Tuesday in Hong Kong, referring to the 2-3% target. “We also need to do that in the context of not imposing on the economy too much and raising the unemployment rate” too high. The RBA earlier this month resumed raising interest rates after a four-meeting hiatus, ... (full story)